Oct. 3 (Bloomberg) -- The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.
The FTSE/JSE Africa All Share Index fell for a third day, declining 14.69, or 0.1 percent, to 29,674.20 in Johannesburg.
Massmart Holdings Ltd. (MSM SJ): The South African retailer controlled by Wal-Mart Stores Inc. will repeat a price-cut promotion at its stores and open 23 new outlets over the next eight months, the company said in a statement. Massmart shares weakened 3.70 rand, or 2.6 percent, to 138.70 rand.
Naspers Ltd. (NPN SJ): Africa’s largest media group bought Slando, the online advertising company created by Gumtree’s founders for an undisclosed sum. Naspers shares advanced 5.47 rand, or 1.6 percent, to 350.97 rand.
PBT Group Ltd. (PBT SJ): The computer-services company agreed to buy Prescient Holdings Ltd. for 1.6 billion rand ($200 million) to expand into money management and stockbroking. PBT added 3.7 percent to 1.40 rand.
Rare Holdings Ltd. (RAR SJ): The maker of pipes and valves said its fiscal full-year loss widened to 91.4 million rand compared with 58.1 million rand a year earlier. The stock declined 5 percent to 19 cents.
Sovereign Foods Investments Ltd. (SOV SJ): The poultry producer said fiscal first-half earnings per share fell to 0.7 cents from 2.6 cents. The shares were unchanged at 4.45 rand.
The following shares begin trading today without rights to their latest dividends:
African Dawn Capital Ltd. (ADW SJ), Astrapak Ltd. (APK SJ), Ceramic Industries Ltd. (CRM SJ), Cipla Medpro South Africa Ltd. (CMP SJ), MMI Holdings Ltd. (MMI SJ), Petmin Ltd. (PET SJ) and Spur Corp. (SUR SJ).
To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at email@example.com
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